Debt can feel overwhelming; sometimes, bankruptcy becomes the best course of action for achieving financial freedom. However, navigating the bankruptcy process can be confusing, especially when faced ...

Filing for Chapter 7 can wipe out your debt quickly, but some property may be on the line if it isn't protected.

Whether you’re facing foreclosure, maxed-out credit cards or constant calls from creditors, you’ll eventually have to do something for financial relief. One option is bankruptcy. However, you’ll face ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

See if you qualify to lower your monthly payments, reduce multiple payments into 1 and become debt free in 24-48 months. Filing for bankruptcy should be a last resort, but it can give you a fresh ...

Chapter 7 bankruptcy is a legal process designed to help people who genuinely cannot pay their debts. It’s often called “liquidation bankruptcy” because it can involve selling some property to pay ...

Filing Chapter 7 bankruptcy is a serious financial decision for individuals who have large amounts of debt they likely won’t ever be able to repay. Though filing for Chapter 7 ultimately gives you a ...

A debtor's non-exempt assets (and even the debtor's entire business) are commonly sold during the course of a bankruptcy case by the trustee or a chapter 11 debtor-in-possession ("DIP") as a means of ...